. Introduced in Spain in 2000, revised four times, and tested in its countercyclicality during the crisis, it affected banks … related to risk and regulatory arbitrage by nonregulated and regulated but less affected banks. …

staggered reform progress, we find that banks shift their trading towards less regulated jurisdictions. The result is driven by … agenda items – such as the promotion of central clearing – that are costly, but do not directly benefit banks. We further …

Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are … banks penalized for potentially holding private information? To answer this question we merge CDS trades reported under the … that the same dealer offers to banks and to other investors. We find that banks lending to a corporation purchase CDSs on …

Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are … banks penalized for potentially holding private information? To answer this question we merge CDS trades reported under the … that the same dealer offers to banks and to other investors. We find that banks lending to a corporation purchase CDSs on …

banks' liabilities thereby decreasing the cost of equity relative to the cost of debt. Using a difference …-in-differences approach we assess the impact of this tax levy on banks' participation in the syndicated loan market. We further investigate … the impact of the tax levy along bank size and capital structure. We find that banks located in countries where the tax …

affected banks and by non-affected non-bank financial institutions (NBFIs)? To answer this question, we apply a difference … that insurance companies, financial enterprises, and factoring companies - but not leasing companies - and Non-EBA banks … expand their corporate lending relative to EBA banks. In particular, NBFIs use the opportunity to expand their credit …

affected banks and by non-affected non-bank financial institutions (NBFIs)? To answer this question, we apply a difference … that insurance companies, financial enterprises, and factoring companies - but not leasing companies - and Non-EBA banks … expand their corporate lending relative to EBA banks. In particular, NBFIs use the opportunity to expand their credit …

market. Our estimates reveal that the California Consumer Protection Act increases loan spreads charged by banks by 8 basis …. Banks also reduce their supply of credit more in lower-income areas, consistent with more informationally intense data … collection practices there potentially exposing them to larger legal costs. In sum, our findings suggest that banks pass the CCPA …

increases). Effects are stronger for small firms borrowing from multiple banks. To uniquely identify risk-taking we assess … are actually lower, especially at banks suffering from agency problems. …

forbearance on distressed banks during the crisis, there is less restructuring in the real sector and the banking sector remains … forbearance is greater for state-chartered banks and in regions with weaker banking competition and more independent banks, while … recapitalisation of distressed banks through TARP does not facilitate cleansing. …